The crisis of 1929

In this new video from A teacher We will explain the causes of the 1929 crisis. The crisis of 1929. The 1929 crash or also known as the great depression. We all know this about the crash of 29 but what was it really? and what was it due to? The crash of 29 was a fall in the New York Stock Exchange, on October 29, 1929. A drop of almost 40%. This brings consequences like; economic insecurity, misery, national income falls (that is, what families earn), income, falls profits of companies and factories, trade is greatly affected and, above all, unemployment rates become huge. All this is a consequence of the fall of the NY Stock Exchange on the 29. The causes of crack are due to the fact that; Europe, after the First World War, is devastated and has to face many payments, reforms, reconstructions, infrastructures... and he has no money. As at that time the emerging power is the United States, it is the one that supports it economically by disbursing a lot of money and resources sent to Europe so that it can rebound. As a result of all this, an economic bubble is created until a moment comes when this deflates.